In a hard hitting response in the Daily Telegraph to criticism of the Olympics for not creating a participation legacy from the London Olympic Games Lord Coe has accused Sport England of being a failure. He claimed he would not take at face value the findings of the Active People Survey from an organisation that had singularly failed in the past"

The figures show that despite Sport England channelling £450m of government investment to national governing bodies over the past four years, there have been only 109,000 new participants in that period, a total spent of £4,128 per participant.

On Thursday the Commons Public Accounts Committee report into preparations for the Olympics described the returns as "poor value for money".

The UKs only fully independent think tank dedicated to sport is formally launched today at www.sportsthinktank.com with a Guest Blog from Tanni Grey-Thompson

Patron of the Sports Think Tank, Lord Seb Coe said "A sports think tank would be a great legacy from the 2012 games, enabling future generations to benefit from long term, well researched, and evidence-based sports policy making in the UK"

The Sports Think Tank has been launched by joint Directors Andy Reed and Nick King with strong backing from the key players in the sport and policy development landscape.